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Post# of 749756
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drkazmd65

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drkazmd65

Re: bman post# 165822

Tuesday, 03/09/2010 10:19:11 PM

Tuesday, March 09, 2010 10:19:11 PM

Post# of 749756
Exactly bman.

Once the sale is made - the shares are the purchasers, not the former owner or the brokerage.

The money changes hands via the brokerage middlemen, and the paperwork takes 3 days to be finalized.

You only get into trouble if you then again try to sell the 'new' shares before the 3-day window closes, and use the proceeds to try and buy something else.
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